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IBM Places $3 Billion Bet on Internet of Things

IBM is building an "Internet of Things" division aimed at harnessing the massive trove of data collected by smart devices and appliances.

ABC News: Business 

Musicians Who Sign With Tidal Probably Won't Make More Money, Yet

Jay Z touts his music service as an antidote to the existing business model.

TIME Magazine Online: Top Business Stories 

7 Things You Won’t Believe Were Sold for Only $1

An offer is on the table to buy the New York _Daily News_ for just $1, which on the surface seems mind-boggling. Bizarrely, many big-ticket items have been known to trade hands for just a buck.

Reuters: Business News 

Bill Gross of Janus says funds he manages resemble Bridgewater strategy

NEW YORK (Reuters) - Bill Gross, the closely watched bond investor, on Wednesday said the portfolios he manages at Janus Capital Group Inc closely resemble the investment strategies of Bridgewater Associates, the world's largest hedge fund firm.

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